Argentina says Oct tax income rose 28.5 pct on year

Redacción de Reuters

1 MIN. DE LECTURA

BUENOS AIRES, Nov 2 (Reuters) - Argentina’s tax revenue rose 28.5 percent in October from the same month a year earlier to 134.417 billion pesos ($14.079 billion), the government said on Monday, coming in slightly below expectations.

The median forecast in a Reuters poll of six analysts was for revenue of 137.607 billion pesos.

Private economists estimate Argentina’s inflation is between 25 and 30 percent which would mean the increase in tax revenue is largely explainable by consumer price increases.